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AGM Group Holdings Inc. Announces First Half 2021 Unaudited Financial Results
BEIJING, Sept. 29, 2021 /PRNewswire/ -- AGM Group Holdings Inc. ("AGMH" or the "Company") (NASDAQ: AGMH), an integrated technology company focusing on
About this update from Agm Group Holdings Inc.
[{"type":"text","content":"BEIJING, Sept. 29, 2021 /PRNewswire/ -- AGM Group Holdings Inc. (\"AGMH\" or the \"Company\") (NASDAQ: AGMH), an integrated technology company focusing on high-performance chip solutions, computing equipment and fintech software services, today announced its unaudited financial results for the for the six months ended June 30, 2021. \nRecent Developments\nWith two recent executive hires, Mr. Bo Zhu as Chief Strategy Officer (\"CSO\"), and Mr. Li Chenjun as Co-Chief Executive Officer (\"Co-CEO\"), on June 2021, and July 2021 respectively, the Company decided to enter into new business lines: ASIC chip research and development and crypto mining equipment manufacturing and sales. \nThe newly appointed executives, Co-CEO Mr. Chenjun Li and CSO Mr. Bo Zhu, each has significant experience and industry resources in chip designs and blockchain applications. As one of the pioneers in the ASIC chip design area, Mr. Chenjun Li has extensive experience in the chip production supply chain. In 2013, the Co-CEO, Mr. Chenjun Li, designed the first-generation ASIC applicable to Bitcoin computing and successfully completed the mass production of 16nm and 10nm ASIC chips at TMSC and Samsung in 2015 and 2017, respectively. The CSO, Mr. Bo Zhu. has a significant understanding of the blockchain technology application, as well as a well-known reputation and extensive network within the industry due to the extended time spent in high-performance computing research in the past years.\nIn August 2021, the Company announced the launch of its first ASIC crypto Miner - KOI MINER C16 (\"C16\"). C16 is equipped with the C3012 chip made by Semiconductor Manufacturing International Corp.'s N+1 process. C16 has a hash rate up to 113 TH/s and a power efficiency ratio of 30 J/T, supporting the mining of Bitcoin, Bitcoin Cash and other cryptocurrencies. \nWith increased institutional investment and attention to blockchain and cryptocurrencies, many large listed crypto mining companies in the United States and Canada have demonstrated a huge demand for high-end Bitcoin miners, and we expect that our C16 miners have the opportunity to secure a considerable amount of orders in this trend. C16 is expected to launch sales in the United States, Canada and Europe. \nIn order to achieve our mission as stated in the new growth strategy announced in August 2021: to become on...